Bloomberg Senior Analyst: Bitcoin Faces Risk of Falling to $50,000 in 2026

BlockBeats News, November 24th, Wall Street analysts warned that the price of Bitcoin may face a 40% plunge to $50,000 in 2026.

Bloomberg Intelligence's Senior Commodity Strategist Mike McGlone stated on LinkedIn that he expects the price of the premier cryptocurrency to drop 60% from its all-time high of $126,000 by next year.

"Will Bitcoin fall to $50,000 or rise to $150,000 in 2026? My bias is to $50,000," McGlone said, "especially if the S&P 500 Index experiences its third down year since 2008." His argument is that the combination of surging gold prices, declining oil, and stock market volatility will prompt investors to avoid high-risk assets like Bitcoin.